US Custody Trust and Clearing Company Demonstrates On-Chain Stock Trading Process

The US custody trust and clearing company plans to showcase a real-time stock trading process based on blockchain technology this Wednesday. This technology aims to simplify the clearing, settlement, and record-keeping processes of stock trading on Wall Street, enhancing the operational efficiency of capital markets. This test is seen as an important step for the traditional financial system in exploring on-chain securities infrastructure. The initial scale of the project is relatively limited, serving more as a validation exercise rather than a full-scale push to migrate the stock market to blockchain. Market participants point out that while tokenized securities and on-chain settlement have the potential to reduce costs and improve trading efficiency, the migration of traditional financial infrastructure to blockchain still faces challenges such as regulation, compliance, system compatibility, and coordination among market participants. This test marks Wall Street's gradual transition from the proof-of-concept phase to the practical application phase and will serve as an important case study to observe whether institutional-level blockchain infrastructure can be implemented on a large scale.

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